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Exchange Filings


15 Aug 2013


MULTIPLE PROPOSALS

Description TAMBUN INDAH LAND BERHAD (“TAMBUN” OR THE “COMPANY”)

I. PROPOSED ACQUISITION OF:

A. 2,302,400 ORDINARY SHARES OF RM1.00 EACH IN PALMINGTON SDN BHD (“PALMINGTON”), REPRESENTING 40.0% EQUITY INTEREST IN PALMINGTON; AND

B. 300,000 ORDINARY SHARES OF RM1.00 EACH AND 8,040,000 REDEEMABLE PREFERENCE SHARES SERIES C (“RPS-C”) OF RM0.01 EACH IN TAMBUN INDAH DEVELOPMENT SDN BHD (“TI DEVELOPMENT”), REPRESENTING 30.0% EQUITY INTEREST IN TI DEVELOPMENT

FOR A TOTAL CONSIDERATION OF RM112,234,216 (“PROPOSED ACQUISITIONS”); AND

II. PLACEMENT OF 15,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN TAMBUN (“TAMBUN SHARES” OR “SHARES”), REPRESENTING NOT MORE THAN 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TAMBUN (“PLACEMENT”).

THE PROPOSED ACQUISITIONS AND THE PLACEMENT SHALL COLLECTIVELY BE REFERRED TO AS THE “PROPOSALS”.

 

We refer to the announcements in relation to the Proposals dated 21 June 2013 and 2 August 2013.

 

  

On behalf of the Board of Directors of Tambun, AFFIN Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has vide its letter dated 14 August 2013, which was received on 15 August 2013, granted Tambun an extension of time until 21 September 2013 or upon the clearance of the valuation reports, whichever is the later, to submit the draft circular in relation to the Proposed Disposal to Bursa Securities pursuant to Paragraph 9.33(1)(a) of the Main Market Listing Requirements of Bursa Securities.

 

 

 

 

The extension of time granted by Bursa Securities is not subject to any conditions.

 

  

This announcement is dated 15 August 2013.